Business

Nigeria kicks-off process to sell shares in 10 gas-fired NIPP plants

Bids were received for the power plants. The Federal Government on Monday commenced the process to sell shares in the ten gas-fired independent power generation companies under the National Integrated Power Projects (NIPP) to investors interested in taking over the ownership and management of the power plants. The plants are Alaoji Power Station in Abia […]

Nigeria relishes right to host WEF 2014, says Okonjo-Iweala

The event will hold in May 2014.

Nigeria to integrate trained ex-militants into oil industry

The presidential amnesty programme is working with a government agency on this

Nigeria Stock Exchange

Nigerian stock exchange report Thursday, 07 November, 2013: Dangote Cement tops losers chart

Dangote Cement topped the losers chart on the Nigerian Stock Exchange (NSE) after Thursday’s trading with a N2.51 share price loss. The firm’s share price closed at N185.00 down from N187.51. The firm was followed by UACN, which lost N0.50, closing at N66.50 down from N67.00 before transactions. UBA lost N0.15 and closed at N7.85 […]

CBN

ICT experts condemn Central Bank’s partnership with foreign firm

 The Central Bank recently partnered with a foreign ICT firm.

Nigeria’s debt rises to N7.6 trillion- CBN

The Central Bank released its 2012 report.

CBN

U.K. commends Nigeria Central Bank for achieving information security certification

The Central Bank was certified with the ISO 27001: 2005 version of the ISMS.

Nigeria Stock Exchange

Nigerian Stock Exchange report Wednesday, 06 November, 2013: Value of transactions rise to about 5 billion

The value of transactions on the Nigerian Stock Exchange (NSE) after Wednesday’s trading rose to 4, 927 billion in 4,579 deals, from N4, 155 billion recorded after Tuesday’s trading. The volume of transactions rose to 465.8 million after the day’s transactions, from 358.9 million after Tuesday’s transactions. The Exchange’s market capitalisation rose to 12.18 trillion […]

Finance Minister, Ngozi Okonjo-Iweala

Excess Crude Account intact, says Okonjo-Iweala

NNPC denies involvement with SURE-P funds

Nigeria urged to remove banks’ high interest rates on transactions

High interest rates affect growth of small and medium scale businesses.

CBN

FOREX inflow into Nigeria rises to N18.7 trillion in 2012 – CBN

The Central Bank released its annual report for 2012.

How NNPC, oil marketers connive with Swiss oil dealers to rob Nigeria of billions of dollars – Report

The report mentioned some Nigerian companies as beneficiaries of the shady deals.

Nigeria secures N48 billion IDA loan for housing purposes

The loan is pegged at zero per cent interest rate.

Nigeria Central Bank to mandate biometric data identification for bank customers

All bank customers would be required to provide their biometric data.

Jaiz Bank chairman asks Nigeria banking regulators to provide Sharia-compliant instruments

Umaru Mutallab spoke in Abuja.

Nigeria Stock Exchange

Nigerian stock exchange report Friday, 01 November, 2013: Nestle tops gainers chart again

NESTLE topped the gainers chart again, after Friday’s transaction on the trading floor of the Nigerian stock exchange, gaining almost N30.00 at the close of the day’s transactions. The firm’s share price rose from N1128.76 to N1100.00, recording a gain of N28.76. It was followed by FO, which gained N3.38 closing at N71.03 up from […]

Power sector to attract $40bn foreign investment in 10 years – FG

Minister of Trade and Investment said a torrent of foreign investors are coming into the power sector

Nigeria Stock Exchange

Nigerian stock exchange report Thursday, 31 October 2013: Four oil firms adorn losers chart

Oil companies seemed to have had a rough time at the trading floor of theNigerian stock exchange yesterday, with about four oil firms frosting the losers chart. Total topped the losers chart with a N6.89 share price loss. The firm’s share price closed at N160.11 down from N167.00. The firm was followed by Conoil, which […]

Land is the biggest obstacle to women power in agriculture, says female food hero

By Peter Jopke For Susan Godwin, this nation’s role model female farmer, honour came with a sense of irony. At the time Oxfam, the global development civic group, and a network of other NGOs were recognizing her with the award of Nigeria’s Female Food Hero, in far away Washington DC, her landlord broke the tenancy […]

Nigeria Stock Exchange

Nigerian stock exchange transactions volume rise to 569.6 million on Wednesday 30 October 2013

Transactions volume on the floor of the Nigerian Stock Exchange, NSE, rose to 569.6 million on Wednesday, from 294.4 million recorded the previous day. The Exchange’s market capitalisation also stood at 11.9 trillion, after the day’s trading, with All Share Index (ASI) at 37, 373.09, while shares, valued at N3,543 billion, were traded in 5, […]

Global peace impossible without fair deal for the poor, says IDB President

“The world certainly cannot be at peace with itself when about one-third of us are poor,” the IDB president said.

Dangote more powerful than Jonathan, other African leaders — Forbes

Mr. Dangote’s influence is growing in Africa and the world

Nigeria’s reforms boost global best practices in business regulation, says World Bank

At least 13 other African countries had better business climates for investors than Nigeria

UPDATE: EcoBank’s Board retires embattled Chairman amidst fraud allegations

The Board of Ecobank Transnational Incorporated (ETI) today announced the decision of Kolapo Lawson to stand aside as its Chairman, amidst allegations yet to be cleared by regulatory bodies. He will retire from the Board on December 31, 2013 but has been asked to hand over to André Siaka as interim Chairman, with immediate effect. […]

Nigerian stock exchange report Tuesday, 29 October 2013: Nigerian Breweries tops gainers chart

Nigerian Breweries topped the gainers chart after Tuesday’s transaction on the Nigerian stock exchange trading floor, gaining N6.45 at the close of the day’s transactions. The firm’s share price rose from N167.05 to N173.50. It was followed by WAPCO, which gained N4.30 closing at N105.30 up from N101.00.  Glaxosmith was third on the top five […]